First Watch Restaurant Group (FWRG) Receives a Buy from Raymond James
In a report released today, Brian Vaccaro from Raymond James reiterated a Buy rating on First Watch Restaurant Group, with a price target of $20.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Vaccaro is a 4-star analyst with an average return of 7.2% and a 51.57% success rate. Vaccaro covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, Shake Shack, and Brinker International.
First Watch Restaurant Group has an analyst consensus of Strong Buy, with a price target consensus of $19.18.
Based on First Watch Restaurant Group’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $316.35 million and a net profit of $15.16 million. In comparison, last year the company earned a revenue of $263.29 million and had a net profit of $699 thousand
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWRG in relation to earlier this year. Last month, Christopher Anthony Tomasso, the President & CEO of FWRG sold 25,062.00 shares for a total of $313,776.24.
Read More on FWRG:
Disclaimer & DisclosureReport an Issue
- First Watch Restaurant price target lowered to $22 from $24 at Benchmark
- First Watch Restructures Operations After COO Departure
- First Watch Delivers Growth Despite Traffic Headwinds
- DA Davidson starts First Watch Restaurant at Buy, sees est. upside for two years
- First Watch Restaurant initiated with a Buy at DA Davidson
